This document provides an overview and summary of the 3rd Annual Mongolia – Trade and Commodity Finance Conference. It discusses the near and medium term outlook for Mongolia's mining sector, particularly for copper and metallurgical coal. Globally, demand from China has slowed and supply has caught up for many commodities. For Mongolia, exports and foreign direct investment are under pressure as prices fall. Copper prices are expected to remain under short term pressure but have structural long term support. Metallurgical coal has limited upside. Capital markets have seen weak equity markets and a drop in mining valuations, though bank liquidity remains strong. To realize its mineral potential, Mongolia needs a reliable regulatory environment to attract long term
Lincoln Crowne & Company Weekly report on the Australian Copper & Gold Sectors - dated 29 July 2013. Continuing soft conditions on the AUD providing ongoing support for Aussie gold producers
Lincoln Crowne & Company Weekly report on the Australian Copper & Gold Sectors - dated 29 July 2013. Continuing soft conditions on the AUD providing ongoing support for Aussie gold producers
Altona Mining Presentation, Investor Roadshow November 2013Symposium
Altona Mining (ASX:AOH) investor presentation at Symposium's Investor Roadshow in Sydney and Melbourne, November 2013. Presentation was given by Altona Mining's Managing Director, Alistair Cowden.
Objective Capital's Industrial Metals, Minerals & Investment Summit 2010
London Chamber of Commerce and Industry
3 November 2010
Speaker: Sacha Backes, International Finance Corporation
Banca IFIS, 9 months of improving results. Thanks to the trust of retail costumers, SMEs and families. The C.E.O. Bossi: "Outstanding performance achieved by assuming risks responsibly: Banking business is possible".
A$ zinc price reaches a 5-year high. The fundamentals of the zinc market keep on improving. Update on metals market and junior mining companies listed on the Australian Securities Exchange
Why gold should be considered in an efficient portfolio to maximize the returns and minimize the risk? This ppt is able to answer this question to a great extent.
Altona Mining Presentation, Investor Roadshow November 2013Symposium
Altona Mining (ASX:AOH) investor presentation at Symposium's Investor Roadshow in Sydney and Melbourne, November 2013. Presentation was given by Altona Mining's Managing Director, Alistair Cowden.
Objective Capital's Industrial Metals, Minerals & Investment Summit 2010
London Chamber of Commerce and Industry
3 November 2010
Speaker: Sacha Backes, International Finance Corporation
Banca IFIS, 9 months of improving results. Thanks to the trust of retail costumers, SMEs and families. The C.E.O. Bossi: "Outstanding performance achieved by assuming risks responsibly: Banking business is possible".
A$ zinc price reaches a 5-year high. The fundamentals of the zinc market keep on improving. Update on metals market and junior mining companies listed on the Australian Securities Exchange
Why gold should be considered in an efficient portfolio to maximize the returns and minimize the risk? This ppt is able to answer this question to a great extent.
Exploration and Mining Trends in the Digital Age: Global Outlook and Issues i...Tim Alch
At CESCO Week in Santiago, Chile I spoke about the world’s need to explore for and mine copper and the importance of knowing early-on how to operate locally to manage risks. While optimistic, over the life of mining any resource, there are many variables and issues owners need to be mindful of including managing many different and often changing expectations. In the case of copper, it is core to the world being connected on smartphones, Facebook, internet, etc., Without copper, it is fair to say we cannot be connected as we all are and expect to be. While copper does have unique properties and the business differs from other commodities, other minerals share similar outlooks as more of the world’s ~7.2 billion people near term are projected to live in urban areas, enjoy higher standards of living and consume more materials.
Objective Capital's Global Resources Investment Conference 2011
Stationers' Hall, City of London
27-28 September 2011
Day 1- Session 5: Asia focus
Speaker: Brian Wesson, Woulfe Mining
Becoming more focused and agile - MetsoMetso Group
"João Ney Colagrossi, President of Minerals: We will become more agile, focused and better able to help our customers to tackle their challenges" Presentation at Metso's Capital Markets Day 2014
Global steel industry and in particular China: future outlookMining On Top
Mining On Top: Stockholm 2013
26-27 Nov 2013
Global steel industry and in particular China: future outlook – Dr Nae Hee Han, World Steel Association; Chief Economist
Financing Indonesian coal producers
- Understanding the current environment
- What are the fundamental risks
- Where to from here?
Nick Halkas, Executive Director, Natural Resources, ANZ
Drivers in the minor metals market beyond 2020Neal Brewster
Unless you were selling gold or palladium 2019 was a somewhat disappointing year for most commodity markets. This was partly as a result of the inevitable supply response to an improvement in prices seen in 2018 but also reflected weakening demand growth over the course of the year. Subdued global economic growth seems likely to persist in 2020 and the number of risks to that growth remain significant.
Over the medium term, through, the outlook for the minor metals is positive. Whilst Chinese demand for commodities generally is slowing minor metals will benefit from "late cycle" demand and the majority of the world's population has yet to fully industrialise. For some minor metals demand growth will be supercharged by changes in end use markets - of which electric vehicles is an important (but only one) factor. On the supply side sustainability issues: Financial, consumer led and pressures from government and civil society will be rising challenges.
This presentation, from Roskill's recent New York conference, discusses some of these issues, the threats opportunities arising and some ways in which mining companies and metals consumers need to respond.
Let me know if interested in talking about any of this.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
1. How to capture video testimonials that convert from your audience 🎥
2. How to leverage your testimonials to boost your sales 💲
3. How you can capture more CRM data to understand your audience better through video testimonials. 📊
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
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13.05.2014 Mongolia’s promise of mineral wealth, Arnout Van Heukelem
1. 3rd Annual Mongolia – Trade and Commodity Finance Conference
Mongolia’s promise of mineral wealth
2. 2
Contents
1. Global Mining – Macro
2. Near Term Outlook for Mongolia
3. Medium Term Outlook for Met Coal and Copper
4. Capital Markets
5. Attracting more investment
6. What ING can offer
3. Global Mining – Macro
Weakening as demand remains sluggish and supply catches up
4. 4
China’s growth has slowed...
Source: EMED data service, ING Bank
0
500
1,000
1,500
2,000
2,500
3,000
3,500
1992CNYbillions
Actual
1Q94-4Q01 Trend (8.7% growth)
1Q02-3Q08 Trend (11.5% growth)
1Q11-1Q14 Trend (7.7% growth)
China – Real GDP – Seasonally Adjusted
8
16
32
64
128
256
512
1024
2048
Post-WWII to
first oil shock
(9.2% growth)
Source: Bloomberg, ING Bank
Global Trade, US$ billions, 3 mma, log scale
Oil
Shocks
Volcker
Recession
Reagan
Boom to
Asian Crisis
(9.5% growth)
China
joins
WTO
(17%)
GFC
and
QE
911
SARS
Tech
boom
bust
SARS
5. 5
0% 20% 40% 60% 80%
Iron Ore
(seaborne)
Iron Ore
(total)
Met Coal
(seaborne)
Met Coal
(total)
Lead
Aluminium
Copper
Nickel
Crude Oil
LNG
2006
2009
2012
2015
but expansion plans seem to have overshot
Source: UBS
China drives demand for commodities Supply has finally caught up (global supply growth since 2006)
-0.1 0.1 0.3 0.5 0.7 0.9 1.1
Iron Ore (seaborne)
Iron Ore (total)
Met Coal (seaborne)
Met Coal (total)
Lead
Aluminium
Copper
Nickel
Crude Oil
LNG
'06-'09
'06-'12
'06-'15
Source: IEA, CRU, UBS
19. 19
Obvious potential for mineral wealth...
Plenty of Potential – Geological Potential
Mongolia
Source: 2012/2013 Fraser Institute Ranking of Potential
Mongolia
Held back by regulatory environment – Policy Perception
20. 20
...but realising that requires a reliable partner
Mine development nowadays takes in excess of 10 years from discovery
81st37th 49th36th52nd
Purported Erdenet Default on SB loan
SEFIL / Southgobi
Chalco Dispute On TT prepay
New Mining Law
Suspension of exploration licenses
Desire to renegotiate the OT investment agreement
Khan / ARMZ sage – in arbitration
OT Investment Agreement
AwardedTT IPO Process, partner search
2009 2010 2011 2012 2013 2014
??
OT Financing Agreed OT Financing Delayed
Suspended
21. What ING can do and can provide
Senior Debt across the spectrum for mining companies
22. ING April 2014 22
Lending
Advise, structure senior debt
Non - Lending Advisory
Iceland, Aluminium
Pre-structuring advisor for Helguvik
aluminium smelter
Project Financing (large and small)
UK, Hemerdon, Tungsten
GBP 75mln project financing, MLA,
Technical Agent and hedging bank
Hybrid Debt
West Africa, Gold
USD 350m revolving credit facility,
joint MLA and hedging bank
Pre Export Financing
EU/US/Africa, Base Metals
USD 600m syndicated credit facility,
joint MLA
Acquisition Debt
Australia, GS Coal, Coal
USD 550m acquisition finance, MLA
(financial close expected)
Kazakhstan, Base Metals (Copper)
USD 1bn pre-export finance, MLA and
security agent
Example dealProduct
Increasing
complexity, tenor,
# parties involved,
and / or
preparation time
Structured Corporate Debt
Mongolia, Oyu Tolgoi, Copper & Gold
USD 6bn project financing, MLA
(committed)
23. ING April 2014 23
Advise, structure senior debt
Development FundingMine in Production
Technical Due Diligence Mine Plan, operating costs, sustaining capex
Environmental Plans, reviewed by ESR consultantEnvironmental Due Diligence Equator Principles, ESIA, and Action Plans
Class I Feasibility Study, capital costing, equipment
strategy
Offtake Agreements Clear Volume and Pricing Basis
Repayment Offshore, withheld from exports Offshore flowing into a controlled waterfall,
Clear Volume / Pricing Basis, tenor exceeding loan
Tenor Up to 3 years Up to 12 years, depending on ECA cover eligibility
Debt Sizing Full payout, Leverage not to exceed 2.0x EBITDA Full payout, Leverage not to exceed 2.0x EBITDA
Price Assumptions Low minus 10% Base Case – based on Market DD
Providers Banks and Traders Banks, ECAs, Multilaterals